VALLOUREC : Vallourec successfully extends the maturity of €400 million facilities

Vallourec successfully extends the maturity
of €400 million facilities

Boulogne-Billancourt (France), 21 September 2015 - Vallourec, world leader in premium tubular solutions, announces that it signed today a revolving credit facility for an amount of €400 million, maturing in July 2019, plus a one-year extension option.

This facility granted to Vallourec SA will be available for general financing purposes of the Group. It replaces four undrawn bilateral lines maturing in July 2017 granted to Vallourec Tubes of €100 million each.

The transaction was subscribed by a syndicate of four banks, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale Corporate & Investment Banking, underlying the confidence granted to the credit quality of Vallourec.

About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.

With over 23,000 employees in 2014, integrated manufacturing facilities, advanced R&D and a presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the energy challenges of the 21^st century.

Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System (SRD), Vallourec is included in the following indices: MSCI World Index, Euronext 100 and SBF 120.

In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.

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